Sygnia Itrix Eurostoxx50 ETF (JSE Code: SYGEU) has made a significant move to cater to growing investor demand by announcing the listing of an additional 250,138 securities. The new securities, issued at an issue price of approximately ZAR 89.12 per security, will come into effect from the commencement of business today.
As a registered portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, the ETF’s objective is to track the performance of the Euro Stoxx 50 Index, which consists of 50 prominent and highly liquid stocks across Eurozone countries. By investing in SYGEU, investors gain exposure to the European equity market and have the potential to benefit from capital growth.
The decision to list additional securities underscores the ETF’s commitment to expanding its presence in the market and accommodating the increasing interest from investors. With the inclusion of these new securities, the total number of SYGEU securities in circulation will reach an impressive 34,225,298.
CEO of Sygnia Itrix, expressed his satisfaction with the announcement, stating, “We are delighted to announce the additional listing of SYGEU securities, which reflects the burgeoning interest in our ETF and the European market. The Euro Stoxx 50 Index offers attractive investment opportunities, and this expansion allows us to meet the rising demand from investors.”
The listing of these securities on the Johannesburg Stock Exchange (JSE) has been facilitated by Vunani Sponsors, who acted as the JSE Sponsor for the transaction. Vunani Sponsors is a renowned corporate finance and advisory firm in South Africa, specializing in sponsor services for companies listed on the JSE.
Investors seeking to acquire SYGEU securities can do so through their preferred brokerage firms or financial advisors. The ETF provides a convenient and cost-effective avenue to gain exposure to the European equities market, with the aim of delivering returns that closely correspond to the Euro Stoxx 50 Index.